Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 6.1%
- Listing ID: 4408038
- Posted On: Feb 12, 2024
- Updated On: May 7, 2024
Description
Now available: Sunnyvale Mobile Home Park in Marion County, Florida. This neat, well-maintained, 15-lot fully occupied park is not to be missed. Attractively priced with many value-added features. This offering includes 11 park-owned homes (POH’s), 1 duplex with two large 1,200 SF units, and two stand-alone efficiency units. Additionally, there is a lot in the front that has a homesite potential and 2 new mobile pads are currently in application with the county. The current NOI is $98,250 with a 6.01% CAP. With increased rents, and rental of the owner's side of duplex, the NOI is $141,750 with an 8.90% CAP. Sunnyvale is on well and septic and encompasses 8.37 acres.
Location
located in Belleview, Florida, the center of the Ocala Metro, named the 10th safest place to live, 6th fastest growing, and 16th best place to retire by US News and World Report.
Amenities
- Pool
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $800 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $135,900 |
| Operating Expense: | $37,650 |
| Net Operating Income: | $98,250 |
| Expense Ratio: | 27.7 % |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $808 |
